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$2.5M project will see 12 vacant Niagara Falls homes renovated into vacation rentals

The homes are at 418 Memorial Parkway; 516 Ferry Ave.; 538 8th St.; 548 7th St.; 522 and 568 6th St.; 473, 552 and 553 5th St.; and 624 4th St.
Credit: GJS - stock.adobe.com

NIAGARA FALLS, N.Y. — An Amherst-based development group is looking to turn 12 vacant Niagara Falls properties into restored units targeting tourists as tenants.

Armed with a $1 million Empire State Development “Restore New York” grant, Power City Ventures LLC intends to convert the vacant homes – spread over several Niagara Falls streets – into rental locations for tourists. Power City Ventures will also invest $1.5 million of its own money.

Some may be sold to first-time home buyers, said Rod Davis, Power City Ventures managing member and founder of Amherst-based R.J. Davis and Co. Development LLC.  You can read the full story on Buffalo Business First's website

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